Tata Power joins race for Equis hydropower projects in Sikkim
Tata Power have shown interest in buying two hydroelectric power projects in Sikkim that are owned by Equis Energy. The Asian infrastructure investor company operates and owns 220 MW of hydro assets in Sikkim through a platform called Hydreq.
Gujarat bags highest number of solar parks project
According to the Ministry of New and Renewable Energy, Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India. Based on the figures for Government of India’s Solar Parks and Ultra Mega Solar Power Projects scheme, Gujarat has bagged the highest number of approved projects.
Smart meters can pare AT&C losses
Until last 10 years, we were a power deficient country. We did not have enough power to serve our citizens. Now, we are not only a power surplus country, but are now talking of exporting power. In addition, India is becoming a major renewable hub with solar contributing lion's share.
Power Finance Corporation reaches out to NCLT
Power Finance Corp (PFC) has approached the National Company Law Tribunal (NCLT) to start insolvency proceedings against promoters of stressed power projects, officials said.
India to consider ways to cut hydropower tariffs
India is mulling reducing tariffs for new hydro-electric power projects. The move seeks to help them compete against cheaper forms of electricity, according to sources. The power ministry has proposed excluding the costs of building infrastructure like roads and bridges from tariffs to make new hydropower projects viable.
India's route to 'Clean Coal'
India is planning major investments in its power generation and distribution infrastructure as nearly 400 million Indians lack reliable energy supply. Most of this investment will be made in the renewable energy sector.
Solar now cheaper than coal |IEEFA
The cancellation of 13.7GW of Indian coal power projects in May 2017, coupled with a record low solar tariff of Rs 2.44/Unit ($0.038/kWh), are the strongest indications yet that an energy transformation in India is gaining rapid momentum and global capital markets endorsement.
Replacement Market to Drive BTG Demand
While the government is bullish on capacity additions to meet the rising energy demand, the focus is clearly shifting from thermal to renewable energy. On one hand, the government is harping on the excessive capacity addition during the 12th Plan Period, on the other, it is taking a giant leap in building renewable energy capacity.
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